[Bill Hicks]

Yesterday's U.S. GDP numbers were shockingly bad considering the all out insane levels of federal deficit spending being used to prop them up. As I wrote on my blog, it is now clear that America faces four VERY BAD choices regarding the debt ceiling impasse.

$this->bbcode_second_pass_quote('', '1')). Raise the debt ceiling and greatly INCREASE deficit spending in an effort to “restart” economic growth. This is the choice preferred by mainstream liberals and represents classic Keynesian economic theory. Down this road lays a fast dollar collapse, hyperinflation, and economic ruin probably within a year or two.

2). Raise the debt ceiling and MAINTAIN current levels of deficit spending. This would probably be Obama’s first choice to get him past Election Day 2012. This option would achieve results similar to those above, but it would take a little longer to get to hyperinflation and economic ruin, most likely at some point in Obama’s second term.

3). Raise the debt ceiling and CUT current levels of deficit spending. Whether achieved by spending cuts that the Republicans want or tax increases as the Democrats want, or a combination of the two, this strategy would represent the last and best attempt to kick the can a little further down the road. This strategy would no doubt shortly have to be followed by additional cuts/tax increases, and then still more shortly after that, and so on and so forth. Assuming that the government is able to control civil unrest and disorder, this might buy us a continued slow crash for another decade or so.

4). DON’T raise the debt ceiling and BALANCE the federal budget. This strategy would mean an instant 10% contraction in GDP, credit drying up, tens of millions being laid off and instantaneous political instability and massive civil unrest and violence. Those who advocate for this scenario do not seem to realize just how bad a shock it would be to a population; from welfare mothers, to social security recipients, to defense contractors, to the biggest corporations; that has become thoroughly dependent on federal largess for their very survival. I have grave doubts that the U.S. would survive as a political entity for very long under this option absent the rise of a truly authoritarian regime and the loss of basic freedoms for just about everybody.

[Cloud9]

It will be two, followed by three which will morph into four.

[Bill Hicks]

$this->bbcode_second_pass_quote('Cloud9', 'I')t will be two, followed by three which will morph into four.

[peeker01]

It has been long known that the government doesn't create jobs, the private sector does. Why
does BO not know this? Cut corporate taxes, reduce onerous environmental restrictions, repeal
half of product liability laws, put tariffs on many imports, deport Barney Frank, elect a real president.

[Quinny]

Cut corporate taxes LMAO. What do they pay anyway?

Onerous environmental restrictions so we can fuck the workers and planet quicker!

Repeal product liability laws - well at least that'll get rid of a few people!

Who's paying you?

$this->bbcode_second_pass_quote('peeker01', 'I')t has been long known that the government doesn't create jobs, the private sector does. Why
does BO not know this? Cut corporate taxes, reduce onerous environmental restrictions, repeal
half of product liability laws, put tariffs on many imports, deport Barney Frank, elect a real president.

[Bill Hicks]

$this->bbcode_second_pass_quote('peeker01', 'I')t has been long known that the government doesn't create jobs, the private sector does. Why
does BO not know this? Cut corporate taxes, reduce onerous environmental restrictions, repeal
half of product liability laws, put tariffs on many imports, deport Barney Frank, elect a real president.

[peeker01]

You are talking out of both sides of your mouth Bill. Guvment jobs just move tax money around.
Private sector jobs CREATE tax money, so you liberals can continue to move tax money around.

Collapse isn't going to happen. The debt will be paid first, and guvment workers can go on the
dole, just like they were before they found their guvment job.

Look at Nasa. We aren't going to be spending a billion on a shuttle launch this month. No great loss.
Look at the post office. 2600 locations to be shut. No great loss.
Look at the TSA. We could have our stuff stolen out of our suitcases for half price if it were private.
Look at public service pensions. Total fraud.
Look at Fannie and Freddy. Soon to be private.
Look at Harry and BO. Soon to be unemployed.

[Bill Hicks]

$this->bbcode_second_pass_quote('peeker01', 'Y')ou are talking out of both sides of your mouth Bill. Guvment jobs just move tax money around.
Private sector jobs CREATE tax money, so you liberals can continue to move tax money around.

Collapse isn't going to happen. The debt will be paid first, and guvment workers can go on the
dole, just like they were before they found their guvment job.

Look at Nasa. We aren't going to be spending a billion on a shuttle launch this month. No great loss.
Look at the post office. 2600 locations to be shut. No great loss.
Look at the TSA. We could have our stuff stolen out of our suitcases for half price if it were private.
Look at public service pensions. Total fraud.
Look at Fannie and Freddy. Soon to be private.
Look at Harry and BO. Soon to be unemployed.

[Cog]

$this->bbcode_second_pass_quote('Bill Hicks', '')$this->bbcode_second_pass_quote('Cloud9', 'I')t will be two, followed by three which will morph into four.

[nobodypanic]

$this->bbcode_second_pass_quote('peeker01', 'I')t has been long known that the government doesn't create jobs, the private sector does.

[Cog]

Great lets have socialism, since that has such a great history of working out.

[nobodypanic]

$this->bbcode_second_pass_quote('Cog', 'G')reat lets have socialism, since that has such a great history of working out.

[Bill Hicks]

$this->bbcode_second_pass_quote('Cog', '')$this->bbcode_second_pass_quote('Bill Hicks', '')$this->bbcode_second_pass_quote('Cloud9', 'I')t will be two, followed by three which will morph into four.

[peeker01]

Capitalism and our government is faltering because of too many social programs. The wars don't
help, but all countries fight wars (except France).

[Bill Hicks]

$this->bbcode_second_pass_quote('peeker01', 'C')apitalism and our government is faltering because of too many social programs. The wars don't
help, but all countries fight wars (except France).

[peeker01]

BO told me that Libya isn't a war Bill, and I believe him.

[Cog]

$this->bbcode_second_pass_quote('Bill Hicks', '')$this->bbcode_second_pass_quote('Cog', '')$this->bbcode_second_pass_quote('Bill Hicks', '')$this->bbcode_second_pass_quote('Cloud9', 'I')t will be two, followed by three which will morph into four.

[Bill Hicks]

$this->bbcode_second_pass_quote('Cog', 'Y')our assumptions on civil disorder are just that, assumptions. A minimal amount of support could be provided to the mooch class to keep them in their free housing and off the streets. As far as swarming hordes, those who actually pay the bills have plenty of weapons and ammo to discourage appropriation of our well earned property and possessions.

[Pops]

$this->bbcode_second_pass_quote('Bill Hicks', 'H')ave fun when you get sent to a FEMA camp as an enemy of the state.

[Cog]

$this->bbcode_second_pass_quote('Pops', '')$this->bbcode_second_pass_quote('Bill Hicks', 'H')ave fun when you get sent to a FEMA camp as an enemy of the state.